oil tops $110 a barrel

[Darth Caedus]

U.S Oil Importers..
Country Thousands of Barrels/Day
CANADA 1,784
SAUDI ARABIA 1,675
VENEZUELA 1,246
MEXICO 1,234
NIGERIA 1,210
ANGOLA 439
IRAQ 378
ALGERIA 348
ECUADOR 195
BRAZIL 171
KUWAIT 158
AZERBAIJAN 134
LIBYA 116
COLOMBIA 113
UNITED KINGDOM 93

 

[Darth Caedus]

I'm taking a beating with pump prices. My company has me travel out 3 hours from home and doesn't cover any gas costs (nevermind the fact that I need to use my own vehicle). Last year, we got a $5 per contract raise and I still lost $5000 in my salary.

What makes matters worse is that my company labels me as an independent contractor, so taxes aren't taken out of my paycheck (I have to pay them every year in installment agreements) and they don't give us any benefits....no vacation time, sick pay, heath or medical benefits. Because I have to cover my own costs, how can I afford these high gas prices. It was one thing when I started and I was paying $1.92 per gallon, but things are getting ridiculous. Two guys just quit last week and I'm looking for another job to support myself. Times are tough...

Damn, think it's time for a new job

 

[OSCORP]

I wonder if our government is fluorodating the crude therefore increasing the price?

It was funnier the 16th time you mentioned it.


Anyways goin to hell in a bucket people!!

 

[Nitro]

Damn, think it's time for a new job

Damn straight...I'm sick of it. Especially after yesterdays meeting, they aren't doing anything to help us out with the rising gas costs. They are more interested in the bottom line, which is ashamed...this used to be a very well paying job.

 

[BadMoon]

It was funnier the 16th time you mentioned it.


Anyways goin to hell in a bucket people!!

Sorry I was busy fluorodating the 17th time. What did you say?

 

[carbo-fation]

Anyways, I hope the price won't go too much higher, otherwise I am going to have to invest in a hybrid.

 

[Darth Caedus]

Anyways, I hope the price won't go too much higher, otherwise I am going to have to invest in a hybrid.

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!
The world won't be around forever, pollute while you can.

 

[Mesa]

I saw an economic expert discussing this topic. There's no excuse for increasing oil prices. There is physical data that since oil has been on the increase, Americans have actually been cutting back on their driving habits. It was enough of a cutback to be considered significant. So, LESS DEMAND. And, the oil supplies are at an all time high. So, MORE SUPPLY.

MORE SUPPLY + LESS DEMAND <> INCREASING PRICES

https://money.cnn.com/2008/03/12/markets/oil_eia/index.htm?postversion=2008031215

Yup, this is what I was eluding to. Crazy

"Every extra dollar needed to fill up the car is a dollar not available for Stealth Iron Man, Thor Premium Format, The Exclusive Thing, Gandalf 12-inch, and other key aspects of American families' lives," added Darbelne, who called on Washington to develop a long-term energy solution, as high fuel prices have dragged down consumer spending in an already struggling U.S. economy.

 

[praxitas]

I think the developing 3rd world countries are putting more of a crunch on this than anything. Obviously, good for them and I don't wish them any ill will, but how many people is there in china?? One thing coming down the road to is that car they developed thats only gonna cost like 2K

https://www.nextbillion.net/blogs/2006/06/26/indias-model-t-tatas-2000-car-out-by-2008

So anyone and everyone that couldn't afford a car will now be buying and consuming more oil.

My main issue AGAIN is all of the oil companies AGAIN received record profit margins this past year. I do not care what they say the profits are used for its absolute BS.

"Exxon Mobil announced last year’s net income at $40.6 billion, the largest-ever profit for a publicly-traded company."

That is 40.6 billion dollars in one year.

If i knew I wouldn't get killed learning how to ride a motorcycle or getting killed riding one I'd be all over it....

 

[gideon]

What do you expect after this country placed two oil men in the White House and they tilted all their policies to help produce this result?

 

[devilof76]

The price of gas relative to the price of gold has remained perfectly constant during the rise in price over the last ten years. If we were on a gold dollar, the price would not have changed at all.

But we're not. We're on a fiat dollar, who's value keeps dropping because the Fed keeps lowering interest rates. Gold money prevents inflation.

It's not the 'oil men' in Washington, it's the 'interventionist men'. Because not only does gold money prevent inflation, it also prevents unlimited government spending. And we can't have that, especially since everyone wants free healthcare, mortgage bailouts, etc.

 

[p!tu]

The price of gas relative to the price of gold has remained perfectly constant during the rise in price over the last ten years. If we were on a gold dollar, the price would not have changed at all.

But we're not. We're on a fiat dollar, who's value keeps dropping because the Fed keeps lowering interest rates. Gold money prevents inflation.

It's not the 'oil men' in Washington, it's the 'interventionist men'. Because not only does gold money prevent inflation, it also prevents unlimited government spending. And we can't have that, especially since everyone wants free healthcare, mortgage bailouts, etc.

Amen to that! ++++ing FedReserve!!! i cant take it!

 

[gideon]

Devilof76... fortunately or unfortunately - depending on your political viewpoint - we are not going to turn back the clock to the 19th century in terms of our economic foundations. I think William Jennings Bryan had something to say about that in the campaign for the White House back in 1896.

 

[Darklord Dave]

The Fed is doing the right thing by lowering interest rates, in fact they should have lowered them faster. Yes, it devalues the dollar, but it also stimulates growth by allowing banks to pay less for money, and they can then loan it out at lower rates and perhaps so many people won't be losing their homes.

Also it stimulates the economy and allows US businesses to grow faster.

 

[Darth Madden]

What do you expect after this country placed two oil men in the White House and they tilted all their policies to help produce this result?

Its gonna be funny when a Democrat is in the White House and gas hits $5 a gallon.. wonder who everyone will blame then?

 

[Darthrazz]

Its gonna be funny when a Democrat is in the White House and gas hits $5 a gallon.. wonder who everyone will blame then?

The former administration as usual!

 

[Agent0028]

Oh it'll still be Bush's fault. It'll be long lasting effects from all his screw ups.

The thing that sucks about hybrids, from what I've heard, is that they don't actually save that much money in terms of gas if you run the air conditioner. Which in Florida is a pretty important part of a car. Anyone know differently? I would love to get a hybrid, even if I didn't save much in gas, at least I'm helping the environment a little bit.

 

[Darthrazz]

Anyone see that show on the History Channel, A World Without Oil?- It was interesting to see how we can only extract 1/3 of the oil in any well. Similar to never being able to fully squeeze all the toothpaste from the tube.

 

[Fubeca]

for no apparent reason, oil prices continue to rise out of control. as gas approaches, and in some places is already $4.00 a gallon, why isn't there an outcry from consumers getting raped at the pump? our elected officials aren't even bothering to give an excuse as to why the prices continue to rise. but they sure didn't hesitate to loan 240 billion to the banks to loosen credit allocations to jump start more spending to help the economy. will gas one day be worth more than gold? never thought i'd say this but...BUSH SUCKS!!!!!!!!!!!!!!

Maybe we should invade Iraq for their oil!

 

[lerath666]

anyone who says we went to war with the m iddle east is clearly uninformed. the war was all about bush proving he's got a bigger D*** thanhis dad.
So far he's taken down saddam, had two terms, and screwed up more than his father could of ever hoped for. All that's left is to leave office with a lower approval rating than his father did. he can do that eaisly by going around punching babies or nuns. I'd say go for the nuns, some Babies can kick pretty hard.


Seriously though, this is starting to get out of controll. why not simply get back on the gold standard? it's something i never understood.